The full rate paid to a single pensioner will go up from $1,064 to $1,096.70 and from $1,604 to $1,653.40 for a couple combined. This comes as inflation, as measured by the Consumer Price Index (CPI), dropped to 4.9% in July 2023. If you are a part-pensioner, the increase will be proportional to your existing pension payment. Pension increases occur twice a year, on 20 March and 20 September. The increase is calculated by looking at changes to the CPI and the Pensioner Beneficiary Living Cost Index (PBLCI), and by comparing this with Male Total Average Weekly Earnings (MTAWE).

https://www.miragenews.com/boost-to-pensions-and-other-payments-1078462/

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